## High Cross Church Camberley 

## Report of the Directors 

## and 

## Financial Statements 

for the Year ended 31 December 2020 

Charity registration No: 1137310 

Company Registration No: 07300148 

Website: www.highcross.org.uk 



High Cross Church Camberley 

## Report of the Directors 

## and 

## Financial Statements 

## for the Year ended 31 December 2020 

## Contents 

Page 

Legal & Administrative Information 1 Directors/Trustees Report 2 Independent Examiners Report 4 Statement of Financial Activity 5 

Balance Sheet 6 Notes to Accounts 7-11 



High Cross Church Camberley Report of the Directors and Financial Statements for the Year ended 31 December 2020 

## Legal & Administrative Information 

Registered Office and Address High Cross Church Knoll Road Camberley. GU15 3SY 

Company Registration No: 07300148 

## Charity registration No: 1137310 

## Website: www.highcross.org.uk 

## Trustees /Directors: 

Rev M Thomason Mrs S Shoveller Mr R Jarvis Mr D Markby Mrs A Morey 

Company Secretary: Mrs S Shoveller 

## Church Leaders during the year: 

Mrs G Foster Mr J Wood Mrs E Line Mrs G Marshall Mrs M Glauert Mrs E Williams Ms S Wright Mrs A Whillis Mrs L Alderman Mrs P Boyle Mrs V Crandley 

## Independent Examiners: 

Brewers, Chartered Accountants Bourne House Gomshall, Surrey GU5 SLY 

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## High Cross Church Camberley 

## Report of the Directors and Financial Statements for the Year ended 31 December 2020 

## Directors/Trustees Report 

The Trustees who are also Directors for the purposes of Company Law present their Trustees’ Report for the year ended 31 December 2020. 

## Structure 

High Cross Church was formed by the coming together of the local United Reformed Church and the local Methodist Church in 1990 when the two previous buildings were given up and a new modern building erected in Knoll Road. 

Since that time, High Cross has operated as an unincorporated charity, and, in common with most denominations, was not required to register with the Charity Commission as a separate entity until 2010. On 31st December 2010 all the assets and liabilities of the unincorporated body were transferred to High Cross Church Camberley Ltd., and the previously unincorporated body ceased to operate. 

## Management 

Church Leaders are appointed by the Church Members to sit on Church Council to manage the business and pastoral affairs of the Church. The Church Council appoints certain leaders to be Trustees and Directors of the Company. The Trustees and Directors are as set out on page 1. There is also a Management Committee, responsible for managing the day to day operational activities of the Church, which reports to Church Council. 

## Objectives 

The objective of the Church is to Glorify God, to promote the Christian faith, and to reach out to those in need in the local and wider community. All are welcome at High Cross. 

## Public Benefit 

The trustees have considered the guidance provided by the Charity Commission in connection with public benefit and the work of the church. 

The Church carries out its mission by providing Christian teaching to all who wish it, and pastoral care and oversight of the elderly and the young, through a network of family Visitors and an employed Family Worker. The Church supports the elderly with its Monday Lunch Club, its Melodies for the Mind Club, as well as informal gatherings in the café and Concourse throughout the week and occasional afternoon tea parties for the elderly and alone. 

The Church is a seven-day centre, as well as a place of traditional worship, with a large Café. The numerous rooms and facilities within the building are hired out to local charities and non -profit making organisations within the community. Many courses are run by the local authority and U3A. We also have theatre productions, conferences and concerts held regularly in either the theatre or main sanctuary. 

It is also actively involved in Ecumenical projects such as the Street Angels and other “Churches together in Camberley” initiatives. Our Family and Community Workers regularly visit local schools and run day and evening activities for children and young people, within the safety of the church. 

## Major Activities and significant matters related to the year ended 31 December 2020. 

As with every other church and organisation in the Community, High Cross Church was massively impacted by the pandemic, not least with its pastoral work being severely hampered by the various lockdowns but also the financial impact of lost revenue form hiring out the church rooms. The church went into lockdown in March 2020, following the Government's guidelines, with all services suspended and the building closed. However, it very quickly set up a joint initiative with Surrey Heath Borough Council, under the banner of Surrey Heath Prepared to create a Support Hub for the residents of Surrey Heath during the lockdown. This involved setting up a centralised food bank in the church and then coordinating the delivery of food, medicines and other essential items to the housebound, involving 3000 volunteers throughout the Borough. The church was able to provide limited facilities for approved activities such as counselling and support for the wellbeing of the community, but remained closed to all its regular hirers throughout the year. 

## Financial Review 

The Financial Statements are prepared in accordance with Charity’s Governing document, the accounting polices set out in the notes to the accounts and on the basis of Historical Cost, except for the revaluation of investments in line with Current Market Value. The Financial Statements are prepared in accordance with Accounting and Reporting by Charites: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with The Financial Reporting Standard applicable in the UK and Ireland published on 16 July 2014 and the Companies Act 2006. 

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High Cross Church Camberley Annual Report and Financial Statements for the Year ended 31 December 2020 

## Directors/Trustees Report (contd) 

The Church building is vested, by deed, in the United Reformed Church (Wessex) Trust Ltd, as Trustees on behalf of the United Reformed Church and the Methodist Church. Use of the building by the two local churches is governed by a Sharing Agreement dated 13 February 1990. The Trustees have funds invested to provide for exceptional repairs and renovations that may become necessary for the building. Income from those funds may be used to meet expenses connected with the Church Building. The local churches have no right to those Funds on dissolution of the sharing arrangements. 

The Church derives its income from two main sources — regular giving and donations by its members under Gift Aid Schemes and hiring out its premises to organisations within the community. Its two main expenditures are the costs of running the buildings and the cost of its ministers. The Ministers are employed by the two denominations who then levy their costs on the Church. Volunteers assist in some of the tasks necessary for running the church, however it has paid staff to look after the building and run its trading activities. 

The Church continues with its program of building and equipment renovations, and in 2020, completed redecorating the Sanctuary and the Hall. It was decided to delay the replacement of the boilers until August 2021, when hopefully grants would have been obtained. This was achieved in May 2021. 

Following the COVID crisis The Financial results for 2020 were much better than expected. Operating losses could easily have exceeded £60,000. However, the church received exceptional financial support from the Local Authority, Surrey County Council and the Government Job Retention (Furlough) Scheme, as well as the deferral of Assessments to both the URC and Methodist Denominations, pending the result of an Insurance Claim for Loss of Income. That claim was approved in May 2021. As a result, General Reserves reduced by only (£1,473). Detail of significant Income is given in Note 6a. 

Reserves The churches policy is to hold 6 months overhead expenditure in unrestricted funds. This equates toa little over £100,000 and General Reserves currently stand at £100,847. The Church restructured several if its Designated and Restricted reserves (with the necessary approvals), to bring them into line with the church’s current operations and focus on Community and Mission initiatives. It set aside and raised additional funds to create a 2021 Boiler Project Fund to ensure that the Church Boilers could finally be replaced in August 2021. 

The Church now has Designated Funds of £220,357 including the new Boiler Fund of £38,000, and the new Community and Mission Fund of £19,983. Designated Reserves increased overall by £40,395. £30,000 was towards the new boilers, £5629 from Community Donations, as well as £3,223 from the After School Drop in Fund and £2,953 from the Theatre Group Fund, both released from Restricted Reserves. There were also unrealised Losses on the Fund’s Investments of (£9,410). Restricted Funds stand at £1,793, having decreased by £19,468, following dissolution of the Theatre Group (with £5,000 transferred to a new local theatre group) and the transfer of the After schools Fund. The £8,000 Methodist Trust Fund, incorrectly classified as a Restricted Reserve, was transferred to the 2021 Boilers Project, within Designated Reserves. 

COVID 19 Emergency and impact on 2021 financial results It is hoped to restrict Operating Losses in 2021, to below £20,000 despite the continued impact of the Pandemic. This can be achieved with a special Gift Day, which raised over £23,000, the continued Government Furlough support, another Insurance Claim, as well as further local authority grants and continued cost savings. 

## Investment Policy 

The Trustees have invested substantial amounts in both Methodist and URC denominational Investments Funds, as well as with Invesco and Charities Investment Managers, which are deemed to be low risk despite temporary losses due to the Pandemic. 

## Risk 

The trustees have considered the major risks to which the church is exposed, and where appropriate have put in place policies and insurance to reduce or eliminate the risks. The church relies on a substantial number of Volunteers however key operational and administrative roles are carried out by paid staff. This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small in It was approved by the board on 18" August 2021 and signed on their behalf by:- 

Mr. R. P. Jarvis (FCA) Director and Trustee 

Mrs. S. M. Shoveller Director and Trustee 

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## High Cross Church Camberley Annual Report and Financial Statements for the Year ended 31 December 2020 

## Independent Examiner's Report to the Trustees of High Cross Church Camberley 

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements High Cross Church Camberley (the charitable company’) for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet and related note. This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. 

## Responsibilities and basis of report 

As the trustees of charitable company, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit, goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner's statement. 

## Independent examiner’s statement 

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies. 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or 

- the financial statements do not accord with those records; or 

- - the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair view which is not a matter considered as part of an independent examination; or 

- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should bei in this report in order to enableoYa proper understanding ofthe financial statements to be reached. 

Andrew Skilton ACA 

Brewers Chartered Accountants Bourne House, Queen Street, Gomshall GU5 9LY 

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## HIGH CROSS CHURCH CAMBERLEY 

## STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2020 


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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|TOTAL|TOTAL|
|Funds|Funds|Funds|2020|2019|
|Notes|£|£|£|£|£|
|INCOME AND|ENDOWMENTS|FROM:-|
|Donations & Legacies|3|89,774|28,629|11,860|130,263|122,450|
|Trading|Activities|5|30,542|-|-|30,542|96,247|
|Investments|6|1,428|-|-|1,428|2,362|
|Other Income/|Receipts|6a,17|58,582|10,000|44,600|113,182|4,000|
|SSS|SS|SSS|SSS|SSS|SSS|
|Total|180,326|38,629|56,460|275,415|225,059|
|snes|
|EXPENDITURE|ON|CHARITABLE|ACTIVITIES|
|Ministry costs|7|65,184|-|11,251|76,435|71,141|
|Church|running|costs|8,9|115,865|3,000|-|118,865|161,183|
|Benevolent payments|10|750|-|609|1,359|5,997|
|Other|Expenses/Payments|11,17|-|-|49,892|49,892|4,908|
|nTimeenn|eeenee|eee|
|Total|181,799|3,000|61,752|246,551|243,229|
|SSS|Se|ae ee|i|eS|TR|
|Thewsaenks(Losses)/Gains|on|revaluation|of|13|.|(9,410)|.|(9,410)|24,359|
|Net|Income/(Expenditure)|13|(1,473)|26,219|(5,292)|19,454|6,189|
|Transfers|between|Funds|17|~|14,176|(14,176)|-|-|
|Net movement|in funds|(1,473)|40,395|(19,468)|19,454|6,189|
|TOTAL FUNDS BROUGHT FORWARD|102,320|179,962|21,261|303,543|297,354|
|TOTAL FUNDS CARRIED FORWARD|100,847|220,357|1,793|322,997|303,543|

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|||||||||
|---|---|---|---|---|---|---|
|HIGH CROSSCHURCH CAMBERLEY|||||||
|BALANCE SHEETASAT 31 DECEMBER|2020||||||
|||Unrestricted|Designated|Restricted|TOTAL|TOTAL|
|||Funds|Funds|Funds|2020|2019|
||Notes|£|£|£|£|£|
|FIXEDASSETS|||||||
|Tangible assets|12|3,319|||3,319|1,309|
|Investments|13|29,502|208,552|=|238,054|246,463|
|Total Fixed Assets||32,821|208,552|=|241,373|247,772|
|CURRENTASSETS|||||||
|Trade Debtors|14|3,071|-|-|3,071|14,508|
|Otherdebtors|14|41,787|-|=|41,787|12,386|
|BankAccountsand Deposits|15|58,654|11,805|1,793|72,252|48,947|
|||103,512|11,805|1,793|117,110|75,841|
|CURRENT LIABILITIES|||||||
|Creditors|16|25,536|2|se|25,536|3,820|
|Accruals|16|9,950|-|=|9,950|16,250|
|||35,486|=|=|35,486|20,070|
|NetCurrent Assets||68,026|11,805|1,793|81,624|55,771|
|SS|||||||
|TOTAL NETASSETS||100,847|220,357|1,793|322,997|303,543|
|El|||||||
|Represented by:-|||||||
|FUNDS|17||||||
|Unrestricted Funds||100,847|-|“|100,847|102,320|
|Designated Funds||-|220,357|-|220,357|179,962|
|Restricted Funds||-|-|1,793|1,793|21,261|
|i<br>aE|||||||
|TOTALOFALLRESERVES||100,847|220,357|1,793|322,997|303,543|
|ae|||||||
|Thecompany is entitled to exemption from audit undersection 477 oftheCompaniesAct2006forthe yearended 31stDecember 2015. The members<br>have not required thecompanyto obtain an audit of itsfinancial statements fortheyearended 31stDecember2015 in accordance with section 476 of|||||||
|the Companies Act 2006.|||||||
|The trustees acknowledge their responsibility for:|||||||
|(i) ensuring thecompany keeps accounting|records which comply with sections386 and 387 Companies Act2006; and||||||
|(ii) preparing financial statementswhich give a trueand fairviewofthe state ofaffairsofthecompanyasatthe end of its financial yearand <br>and lossforthe financial year in accordance with sections 394 and 395 and which otherwisecomply with the requirements oftheCompaniesAct||||||of its profit<br>Act2006|
|relatingtofinancialstatements.|||||||



These financial statements are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. They were approved by the trustees on 18th August 2021 and signed on their behalf by Mr. R P Jarvis, and Mrs. S M Shoveller. (Q) QQ. Mr. R Jarvis. Mrs. S Shoveller 

Company no: 07300148 

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## HIGH CROSS CHURCH CAMBERLEY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 

1. INCORPORATION OF HIGH CROSS The Church was incorporated on 30th June 2010, as a company limited by guarantee. The liability of each member is limited to £10 in the event of winding up. 

## 2. ACCOUNTING POLICIES 

## General 

The Financial Statements have been prepared on the accruals basis under the historic cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Charities Act 2011, the Companies Act 2006 and UK generally accepted accounting practice as it applies from 1 January 2015. Presentational currency of the accounts is £ sterling rounded to nearest £1. 

High Cross Church Camberley meets the definition of a public benefit entity under FRS 102. 

## Income 

Income comprises donations, interest, grants for lay workers and grants under the Government Retention Scheme. Donations include any additional gift aid receivable, including amounts claimed for donations in the year but not received by the end of the year. Income is recognised when the church becomes entitled to receipt. 

## Fixed Assets 

Assets purchased in the year costing in excess of £1,000 are included in the balance sheet at cost. 

Depreciation is provided at rates calculated to write off each asset over its expected useful life as follows: - Computers, Office and Miscellaneous Equipment: 3 - 5 years 

## Support costs 

These include the costs of administrating and running the church and include governance costs which comprise the Independent Examiner fee and any trustee expenses. 

## Expenditure 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that the settlement will be required and the amount of the obligation can be measured with reasonably certainty. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 

## Pensions 

The Church is complying with its obligation to provide a pension for its employees. Four employees received pension contributions, provided through NEST, totalling £606 during the year. (2019 - three: £399) 

## Investments 

These are included in the accounts at market value at the balance sheet date and any gain or loss arising on revaluation included in the Statement of Financial Activities 

## Debtors 

Debtors are recognised at settlement amount. 

## Creditors 

Creditors are recognised when the church has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount to settle the obligation can be measured reliably. Creditors are recognised at settlement amount. 

## Financial Instruments 

The charity only has basic financial instruments. 

## Funds 

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for a specific purpose. 

## Going Concern 

The Trustees have considered going concern up to one year from the date of signing these accounts. Following the outbreak of COVID-19 the trustees have revised budgets and forecasts for a conservative reduction in income and where possible will reduce excess expenditure. Following this review the trustees believe that High Cross Church Camberley is a going concern as the level of reserves are sufficient to cover losses in the foreseeable future. 

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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||
|HIGH|CROSS CHURCH|CAMBERLEY|
|NOTES TO THE|ACCOUNTS|FOR THE YEAR ENDED 31|DECEMBER|2020|
|Note|Unrestricted|Designated|Restricted|TOTAL|TOTAL|
|Funds|Funds|Funds|2020|2019|
|£|£|£|£|£|
|3.|INCOME|-|DONATIONS &|LEGACIES|
|Voluntary|Income and|Giving|
|Cash|1,646|-|-|1,646|5,541|
|Free|Will|Offering|56,324|-|-|56,324|64,668|
|Gift|Aid|Donations|54|-|-|54|1,876|
|Tax|Rebate on|Covenants|15,889|-|-|15,889|18,793|
|73,913|-|-|73,913|90,878|
|Other|Income &|Donations|6,547|-|-|6,547|13,104|
|2021|Boiler|project|17|-|23,000|23,000|-|
|Lay|Worker|Grants|-|-|11,251|11,251|4,666|
|Income|from|Wessex Trust|9,313|-|-|9,313|8,805|
|Special|Collections/Community|Appeals|4,17|-|5,629|609|6,238|4,997|
|89,774|28,629|11,860|130,263|122,450|
|Income|from|donations|and|grants|in|the|year was|£130,281|(2019:|£126,450),|£89,774|was|unrestricted|(2019:|£92,701),|£23,000|
|designated|(2019:|£11,586),|and|£11,878|restricted|(2019:|£22,163).|
|4.|SPECIAL COLLECTIONS|
|Asian|Students|Childrens|Trust|-|-|“|-|1,817|
|Beesom|-|=|=|-|1,502|
|Bible|Society|-|-|428|428|-|
|Others|including|Christian|Aid|-|=|181|181|1,678|
|Community|Funds|-|5,629|-|5,629|~|
|5,629|609|6,238|4,997|
|Total|Income from|special|collections was|£6,238|(2019:|£4,977),|of which|£609|was|restricted|(2019|£4977).|£5629|was|received|
|from|the|Community|for various|Designated|initiatives|to|be|undertaken|over|the|next|2|years.|
|5.|TRADING|ACTIVITIES|
|Car|Park|Permits|4,849|-|-|4,849|12,188|
|Coffee|Bar|Rental|Income|(860)|-|=|(860)|6,752|
|Hall|Hiring|26,553|-|i|26,553|75,551|
|Events|-|~|*|-|1,756|
|30,542|-|-|30,542|96,247|
|Income|from|trading|activities|of £30,542|(2019:|£96,247|) was|unrestricted|in|both|years.|
|The|Coffee|Bar|is|contracted|out and|operated|on|a|renewable|three|year management|contract|ending|December|31st|2020.|It can|be|
|cancelled|with|6|months'|notice from|either|side.|The|rent was|suspended|during|the|pandemic.|
|6. INVESTMENT INCOME-|Interest|1,428|-|-|1,428|2,362|
|6a.|OTHER INCOME|/RECEIPTS|
|Furlough|Grants|(JRS)|22,507|-|-|22,507|-|
|Loss|of Income|Insurance|claim|15,000|7,000|-|22,000|-|
|Local|Authority|Grants|(Covid)|20,000|-|>|20,000|-|
|Surrey|Heath|Prepared|HUB|1075|3,000|39,147|43,222|-|
|Surrey|Heath|Prepared|Resident|Shopping|-|-|5,435|5,435|-|
|Other Church|Groups/Activities|“|-|18|18|4,000|
|58,582|10,000|44,600|113,182|4,000|
|The Church|lodged|a|claim|with|their|Insurers|for|Loss of Income|which|was|successful. The trustees|have|allocated|£7,000 from|an|
|interim|award,|towards|the 2021|Boiler Replacement|Project which|will|cost|£50,000.|the|Church|benefitted|from two|Local|Authority|
|Grants,|connected|with|their Community|work|during|the|Pandemic.|The|Surrey|Heath|Prepared|Food|Hub|initiative|was|run|by the|
|Church,|and|of the|£43,222|received|on|behalf of the|HUB,|£20,875 was|paid|in|expenses and|£18,272 was distributed|to|local|charities|
|and|organisations|suporting|the community|during|pandemicas well|as|£4,075|to|High|Cross,|of which|£3,000 was to|clean|and|
|redecorate|its|premises. The|total|£5,435|received|for the SHP|Resident|Shopping|was|used|to|purchase|pre ordered|food|and|essential|
|supplies which|were then|hand|delivered|to the|Resident.There were|also|minor expenses|paid|out on|behalf of other|activiies whose|
|funds|are|held|by the|Church.|

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|<br>HIGH CROSS CHURCH CAMBERLEY<br>NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020<br>Note Unrestricted Designated Restricted TOTAL TOTAL<br>Funds Funds Funds 2020 2019<br>£ £ £ £ £<br>7. MINISTRY COSTS<br>URC Assessment 41,550 - - 41,550 39,700<br>Methodist Assessment 5,000 - - 5,000 7,500<br>Lay Workers 9,720 - 11,251 20,971 13,145<br>56,270 z 11,251 67,521 ~ [60,345]<br>Ministers Expenses 2,799 - - 2,799 2,931<br>Manse Expenses 4,123 - - 4,123 4,475<br>Other Ministry costs 1,992 - - 1,992 3,390<br>65,184 - 11,251 76,435 71,141<br>Ministry costs were £76,435 (2019: £71,141). £65,184 was unrestricted, £nil designated and £11,251 restricted. (2019: £66,465 was<br>unrestricted, Enil designated and £4,666 restricted)<br>8. CHURCH RUNNING COSTS/SUPPORT COSTS<br>Administration Expenses 1,913 - - 1,913 2,897<br>Church Staff Costs 40,173 - - 40,173 44,735<br>Cleaning Expenses 6,770 - - 6,770 18,151<br>Utility Costs 27,604 - - 27,604 34,311<br>Performing Rights/Royalties 800 - - 800 564<br>Printing & Stationery 474 - - 474 1,592<br>Insurance 9,270 - - 9,270 8,851<br>Repairs & Maintenance 19,048 3,000 - 22,048 40,678<br>Depreciation 3,026 - - 3,026 2,060<br>Sundry Expenses 836 - - 836 2,112<br>Refreshments and functions 2,363 - - 2,363 1,758<br>Publicity & Advertising 772 - - 772 1,206<br>Bad Debts provision 500 - - 500 -<br>Governance costs & independent examination 2,316 a FS 2,316 2268<br>115,865 3,000 - 118,865 161,183<br>Church running costs were £118,865 (2019: £161,183). £115,865 was unrestricted and £3,000 was Designated. (2019: £141,097<br>unrestricted, £11,586 designated and £8,500 restricted).<br>9. STAFF COSTS ( including Church Staff and Lay Workers)<br>The average number of staff engaged during the year was 4.5 4.0<br>Gross Staff Costs 55,643 47,714<br>National Insurance 2,965 2,389<br>Pension 606 399<br>No employee received remuneration in excess of £60,000 in the year. 59,214 50,502<br>No trustee received remuneration in the year from the church. The two ministers are paid from central funds.<br>The two ministers were paid expenses, as shown in these accounts. No other expenses were paid to any trustees.<br>10. BENEVOLENT PAYMENTS<br>Special Collections Paid Out - - 609 609 4,997<br>Charitable Donations 750 - - 750 1,000<br>750 - 609 1,359 5,997<br>Benevolent payments were £1,359 (2019: £5,997) of which £750 was unrestricted and £609 was restricted. (2019: £1,000 unrestricted<br>and £4,997 restricted).<br>11. OTHER EXPENSES/PAYMENTS<br>Surrey Heath Prepared HUB - - 39,147 39,147 -<br>Surrey Heath Prepared Resident Shopping - - 5,435 5,435 -<br>Other Church Groups/Activities ~ - 5,310 5,310 4,908<br>- - 49,892 49,892 4,908<br>These are expenses paid out on behalf of other activiies whose funds are held by the Church. Of the £43,222 received on behalf of the<br>SHP HUb, £20,875 was paid in expenses and £18,272 was distributed to local charities and organisations suporting the community<br>during the pandemic, as well as £4,075 to High Cross to clean its premises. The total £5,435 received for the SHP Resident Shopping<br>was used to purchase pre ordered food and essential supplies which were then hand delivered to the Resident. All funds were utilised.<br>The Trustees transferred £5000 to the new and separate Theatre Group.<br>**----- End of picture text -----**<br>


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## HIGH CROSS CHURCH CAMBERLEY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 

|12.FIXED|FIXEDASSETS|Openin<br>Balance|Additions<br>Siepooke|Additions<br>Siepooke|a<br>Depreciation|a<br>Depreciation|Closin<br>pence|Balan<br>ey|
|---|---|---|---|---|---|---|---|---|
|||£||£||£|£|£|
||Cost|45,870||(526)||-|45,344|45,870|
||Depreciation|(44,561)||5,562||(3,026)|(42,025)|(44,561)|
|||1,309||5,036||(3,026)|3,319|1,309|
|||Unrestricted|Designated||Restricted||TOTAL|TOTAL|
|||Funds||Funds||Funds|2020|2019|
|||£||£||£|£|£|
|13.|INVESTMENTS||||||||
||Charities Investment Managers|-||70,342||-|70,342|80,752|
||Invesco Investment Fund|-||32,370||-|32,370|35,370|
||Methodist Cash Funds|29,502||80,840||-|110,342|106,341|
||Methodist Investment Funds|-||25,000||-|25,000|16,000|
||MethodistTrust Fund|-||-||-|>|8,000|
|||29,502|208,552|||-|238,054|246,463|
||Balance at 1stJanuary 2019||||||246,463|222,104|
||Additions in year||||||1,001|-|
||Disposals in year||||||-|-|
||Unrealised gains (Losses)||||||(9,410)|24,359|
||Balance at3ist December 2019||||||238,054|246,463|
||All investments are in the UK and dealt with on recognised stock exchanges.||||||||
|14.|CURRENTASSETS||||||||
||Trade Debtors|Amounts due from Hirers less Bad|||Debt|provision|3,071|14,508|
||Insurance Claim|for Loss ofIncome 2020|||||22,000|-|
||Other Debtors|GiftAidTax and Other Accrued Income|||||19,787|12,386|
||||||||44,858|26,894|
|15.|BANK ACCOUNTS AND DEPOSITS||||||||
||Current& Deposit Accounts|33,337||11,805||1,793|46,935|23,629|
||Term Funds and Other Deposits|25,317||-|||25,317|25,318|
|||58,654||11,805||1,793|72,252|48,947|
|16.|CURRENT LIABILITIES||||||||
||Creditors|DeferredAssessments|||||19,250||
|||Paye, NI& Other Misc||Creditors|||6,286||
||||||||25,536|3,820|
||Accruals|Repairs, Maint&|Utilities||||3,650||
|||Other Misc&Admin Expenses|||||1,600||
|||Holiday pay&general|||||2,000||
|||Independent examiner's fee|||||2,700||
||||||||9,950|16,250|
||||||||35,486|20,070|



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## HIGH CROSS CHURCH CAMBERLEY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 

|Openin<br>17.RESERVEFUNDS<br>Balance<br>‘come<br>Expense<br>'USsses|Transfers|i<br> ee|
|---|---|---|
|£<br>£<br>£<br>£|£|£|
|UNRESTRICTED Funds<br>102,320<br>180,326<br>(181,799)<br>-<br>Thesefundsareavailable forthedaytodayrunning of the Church anditstradingactivities. 2 =|-|100,847|
|DESIGNATED Funds|||
|Community & Mission Funds<br>8,178<br>5,629<br>~<br>-|6,176|19,983|
|Ministers Pastoral Fund<br>5,520<br>-<br>”<br>-|”|5,520|
|2021 Boiler Project<br>-<br>30,000<br>-<br>-|8,000|38,000|
|Heather Wright Building Fund<br>166,264<br>3,000<br>(3,000)<br>(9,410)|-|156,854|
|179,962<br>38,629<br>(3,000)<br>(9,410)<br>14,176<br>220,357<br>Following the dissolution oftheTheatre Group,and the After Schools Drop in Project, their surplus funds were transfered toother|||
|Community & Mission activities. The church has spent over£180,000 in the last 10 years on major repairsand renovations but major|||
|repairs were deferred in 2020due to the financial uncertainty during COVID. Whilst the Heather Wright Building|Fund isdeemed||
|sufficient for major renovation costsand as a contingency fund, a new fund was set up to raise additional funds to replace boilers in|||
|2021,costingapproximately£50,000.|||



||RESTRICTED Funds|||||||
|---|---|---|---|---|---|---|---|
||Theatre Group Funds|8,263|-|(5,310 )|-|(2,953)|-|
||After School Drop in Fund|3,223|-|-|-|(3,223)|-|
||Methodist Trust Funds|8,000|-|-|7|(8,000)|-|
||Gladys Dale Bequest|475|-|-|-|-|475|
||Baby&Toddler Funds|1,300|i8|-|-|-|1,318|
||Surrey Heath Prepared Initiatives|-|44,582|(44,582)|-|-|=|
||Lay Worker Grants|-|11,251|(11,251)|-|-|-|
||Special Collections|-|609|(609)|=|-|“|
|||21,261|56,460|(61,752)|-|(14,176)|1,793|
||TheTheatre Group and Baby&Toddler Funds are Church sponsored activities whose financial records and funds have been||||||maintained|
||by the church. The Trustees advanced £5,000 to a new, independent, local, theatrical group, that||||started up in|2020.The Trustees have||
||now received confirmation thatthe Methodist Trust Fund should||have been classified as part ofGeneral Reserves. This change has been|||||
||reflected in the above figures. The After Schools Drop in Project was dissolved, with the approval ofthe donor, and surplus||||||funds|
||transferred to the Church's Community Fund which will be utilised overthe next few years. During||||the year the|church collected and||
||paid out monies, on behalf oftwo Surrey Heath Prepared (Covid)||Initiatives. No|funds remained atthe|the end ofthe year.|||
||TOTALOFALLRESERVES|303,543|275,415|(246,551)|(9,410)|-|322,997|
|18.|FUNDSBY NETASSETS||General|Designated<br>Restricted||||
||2020|||||||
||Tangible assets||3,319|-|-|||
||Investments||29,502|208,552|-|||
||Current assets||103,512|11,805|1,793|||
||Current liabilities||(35,486)|°|-|||
||||100,847|220,357|1,793||322,997|
||2019|||||||
||Tangible assets||1,309|-|-|||
||Investments||58,501|179,962|-|||
||Current assets||62,580|-|21,261|||
||Current liabilities||(20,070)|-|-|||
||||102,320|179,962|21,261||303,543|



## 19. RELATED PARTY TRANSACTIONS 

The only related party transactions were the donations made by the trustees amounting to £8,365 (2018 - £7,704) 

## 20. CAPITAL COMMITMENTS 

The trustees have approved £38,000 of expenditure, net of Grants, to replace the church boilers in 2021. 

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